Question · Q2 2022
Shinichiro Nakamura of Bank of America Securities asked for an evaluation of the CET1 ratio, considering the hedge effect from bear funds, and inquired about the possibility of share buybacks as a form of additional shareholder return.
Answer
CFO Makoto Umemiya stated that the CET1 ratio of 9.6% (fully effective basis) already exceeds the 9% target, even after accounting for the eventual decline in COVID-related loans. He acknowledged that this strong capital position allows for consideration of incremental shareholder returns. While not committing to a specific plan, he confirmed that the company will evaluate striking a balance between growth investments and potential share buybacks.